-- Published: Friday, 10 February 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1234.00 | +$2.50 | +1.23% |
Silver | $17.94 | +$0.27 | +2.75% |
XAU | 95.42 | +1.49% | +2.69% |
HUI | 218.81 | +1.31% | +3.15% |
GDM | 702.85 | +0.94% | +3.10% |
JSE Gold | 1536.53 | -31.76 | +0.41% |
USD | 100.76 | +0.15 | +1.00% |
Euro | 106.39 | -0.21 | -1.30% |
Yen | 88.23 | -0.05 | -0.56% |
Oil | $53.86 | +$0.86 | +0.06% |
10-Year | 2.409% | +0.014 | -3.29% |
Bond | 151.96875 | -0.21875 | +1.14% |
Dow | 20269.37 | +0.48% | +0.99% |
Nasdaq | 5734.13 | +0.33% | +1.19% |
S&P | 2316.10 | +0.36% | +0.81% |
The Metals:
Gold fell $9.80 to $1221.70 in Asia before it climbed up to $1237.00 in early afternoon New York trade and then fell back off a bit, but it still ended with a gain of 0.2%. Silver slipped to as low as $17.555 before it rallied all of the way back to $17.996 and ended with a gain of 1.53%.
Euro gold rose to about €1160, platinum lost $6 to $1007, and copper jumped 12 cents to about $2.79.
Gold and silver equities fell about 1.5% at the open, but they then climbed to see about 1.5% gains by late morning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Jan | 0.1% | - | 0.4% |
Export Prices ex-ag. | Jan | 0.1% | | 0.4% |
Import Prices | Jan | 0.4% | - | 0.5% |
Import Prices ex-oil | Jan | -0.2% | - | -0.1% |
Michigan Sentiment | Feb | 95.7 | 97.9 | 98.5 |
Treasury Budget | Jan | $51.3B | - | $55.2B |
Fed governor Daniel Tarullo, who oversaw bank supervision, to resign MarketWatch
Trump, Japan's Abe discuss concerns about trade, security at summit Reuters
All of this week’s other economic reports:
Next week’s economic highlights include PPI on Tuesday, CPI, Empire Manufacturing, Retail Sales, Capacity Utilization, Industrial Production, Business Inventories, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed on Thursday, and Leading Indicators on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose almost 2% “after the International Energy Agency lifted its forecast for global-oil demand and estimated strong compliance with OPEC’s pledge to cut output.”
The U.S. dollar index saw slight gains as the yen remained lower after today’s meeting between President Trump and Japanese Prime Minister Shinzo Abe went smoothly.
Treasuries traded mixed while the Dow, Nasdaq, and S&P rose to new record highs on optimism over future changes to the tax code.
Among the big names making news in the market Friday were Sears, BHP Billiton, Aon, Facebook, Nvidia, Tesla, and Reckitt Benckiser Mead Johnson.
GATA Posts:
Grant Williams sees oil pricing transitioning to the yuan and gold
The Statistics:
Activity from: 2/9/2017
Gold Warehouse Stocks: | 8,983,447.470 | - |
Silver Warehouse Stocks: | 181,738,418.535 | -328,726.664 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV) | SPDR® Gold Shares | 832.577 | 26,768,192 | US$32,876m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,481m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,055m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$443m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 200.90: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,410.74: No change from yesterday’s data.
The Miners:
Freeport’s (FCX) mining permit in Indonesia and Coeur’s (CDE) earnings analysis were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Northern Dynasty | NAK +10.53% $3.36 |
2. Paramount | PZG +8.85% $2.09 |
3. Taseko | TGB +8.36% $1.49 |
LOSERS
1. Gold Standard | GSV -1.39% $2.84 |
2. IAMGOLD | IAG -1.02% $4.83 |
3. Alamos Gold | AGI -0.93% $8.52 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.
- Chris Mullen, Gold Seeker Report
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-- Published: Friday, 10 February 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 1% and 3% on the Week
